News Column

CBL Commended for Financial Loan

January 26, 2014

Robert Dixon

Authorities of the Liberia Marketing Association (LMA) have commended the Central Bank of Liberia (CBL) for providing financial loans to members of the association. Speaking in an interview with the Liberia News Agency (LINA) Wednesday, the National Secretary General of the LMA, Mr. F. Cholypoh Nagbe, noted that the financial loan provided the LMA marketers is helping to build their financial capacity and has also enabled them to improve their business establishments as well as their standard of living. Though Mr. Nagbe did not give the amount the CBL provided the marketers as loan, he pointed out that through the CBL financial loan, the LMA leadership has established a credit union to help build the capacities of marketers. In another development, Mr. Nagbe has indicated that the committee set up by the LMA to provide statistics of all LMA members throughout the country is still at work, noting that the LMA had over 29,000 marketers throughout the country in 2013. In another development the National Secretary General of the Liberia Marketing Association has disclosed plans by the LMA to hold its second national convention next month in Montserrado County. Mr. Nagbe said the three-day convention will afford members of the LMA throughout the country the opportunity to be educated on the new laws of the association as well as the three sets of leaderships within the LMA. He said the LMA membership will be taught about the duties and functions of the three sets of leaderships within the LMA which include the Board of Directors, The Managers and the National Assembly . According to him, over 400 LMA members have been mobilized and selected as delegates throughout the country to attend the three-day convention


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: AllAfrica


Story Tools